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20 Your friends are purchasing a house for $170,000. 6 pts If they put 15% down, how much will they be borrowing for their mortgage?
20 Your friends are purchasing a house for $170,000. 6 pts If they put 15% down, how much will they be borrowing for their mortgage? 2 points The bank agreed to an APR of 4.5% for a 30 year mortgage. According to Excel, the monthly mortgage payment would be $732.16. If your friends accept this loan, how much will they pay in total over the lifetime of the loan? 2 point: How much would be paid on interest over the life of the loan? 2 points
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